I have not been working with premiere Pro for a while, and I am starting a new project. I Imported a video, I can not drag It Into my Timeline. I do see both In my Timeline, and on the Program on Top (no sequences)

Iam running Premiere Pro CC.

I did go back to my older pp version CS5, and I noticed when I create a new project The New Sequence Box opens and I have a choice of creating a Sequence Name, but I dont see that Inside PP CC.

As stated above, drag your clip on to the "New Item" button in the lower right corner of the Project Panel.

This creates a sequence of exactly the right frame size and frame rate for your footage.

We used to spend a lot of time on these forums telling people how to set up their sequences, but now it is a simple matter of dragging and dropping. That is why Adobe doesn't even bother to ask what the project settings are anymore. Just create a sequence to match your media and be done with it. Simple.